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« Summers withdraws from consideration for Fed post | Main | West Now Engaging In Psychological Warfare As It Implodes »
Wednesday
Sep112013

Endeavour Silver Drilling Intersects New Silver-Gold Mineralization Near Historic Mine Workings at El Cubo; Fast Track Mine Development Now Underway

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 11, 2013) - Endeavour Silver Corp. (NYSE:EXK) (TSX:EDR) announced today that exploration drilling at the Company's El Cubo mine in Guanajuato State, Mexico has intersected high grade gold-silver mineralization in two veins near historic mine workings in the Asuncion area of the Villalpando vein system.

Drilling intersected strong mineralization in both the Villalpando vein and the Asuncion vein. Drilling highlights include 375 grams per tonne (gpt) silver and 1.80 gpt gold over 4.14 metres (m) true width, or 14.1 ounces per ton (opT) silver equivalents over 13.6 feet (ft), in hole CAS-6, including 768 gpt silver and 2.69 gpt gold over 0.49 m true width, or 27.1 opT silver equivalents over 1.6 ft. 

El Cubo Drilling Highlights

-----------------------------------------------------------
                               True                        
Hole   Structure       From   Width      Au      Ag  Ag Eq.
                   ----------------------------------------
                        (m)     (m)   (gpt)   (gpt)   (gpt)
-----------------------------------------------------------
CAS-06 Villalpando   335.20    4.14    1.80     375     483
       ----------------------------------------------------
       Including     337.15    0.49    2.69     768     929
-----------------------------------------------------------
CAS-08 Villalpando   271.80    1.62    0.60     330     366
       ----------------------------------------------------
       Including     273.35    0.42    1.60    1185    1281
-----------------------------------------------------------
CAS-09 Villalpando   350.45    1.67    1.59     168     263
       ----------------------------------------------------
       Including     352.40    0.35    2.95     293     470
-----------------------------------------------------------
CAS-10 Villalpando   350.90    1.72    1.20     136     208
       ----------------------------------------------------
       Including     350.90    0.61    0.74     238     282
-----------------------------------------------------------
CAS-12 Villalpando   204.10    5.16    0.61     122     159
       ----------------------------------------------------
       Including     207.60    0.66    0.99     181     240
-----------------------------------------------------------
CAS-04 Asuncion      373.20    1.84    1.29     126     203
       ----------------------------------------------------
       Including     374.70    0.38    1.64     280     378
-----------------------------------------------------------
CAS-10 Asuncion      331.90    1.73    1.59     249     344
       ----------------------------------------------------
       Including     333.30    0.29    2.07     303     427
-----------------------------------------------------------

 

Click here to view the Villalpando-Asuncion Longitudinal Sections. Silver equivalents are calculated at a ratio of 60: 1 silver: gold.

The new mineralized zones extend about 200 m long by 100 m deep, and have already been accessed by an underground crosscut from the historic workings. Fast track mine development is now underway to better define these mineralized veins and exploration drilling is expected to resume this month.

Luis Castro, Vice President of Exploration, commented, "The discovery of these two mineralized veins near the historic Asuncion mine workings at El Cubo represents our first exploration success since acquiring the El Cubo mine last year, and validates our view that the exploration potential for new discoveries at El Cubo is very high."

Godfrey Walton, M.Sc., P.Geo. President and COO, is the Qualified Person who reviewed and approved this news release and supervised the drilling programs at El Cubo. A Quality Control sampling program of reference standards, blanks and duplicates has been instituted to monitor the integrity of all assay results. All samples were split at the El Cubo field office and shipped to ALS-Chemex Labs, where they are dried, crushed, split and 50 gram pulp samples are prepared for analysis. Gold and silver are determined by fire assay with an atomic absorption (AA) finish. Other elements are determined by AA.

To read this interview in full please click here.

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